State v. First Nat. Bank of Mobile

BOULDIN, Justice.

The First National Bank of Mobile made its return to the State Tax Commission purporting to show its net income for the tax year of 1937, for computation of the state excise tax measured' by its net income., The State Tax Commission, after notice and hearing, disallowed certain deductions claimed by the Bank, and made a further assessment accordingly.

The Bank appealed to the circuit court of Mobile County resulting in a judgment allowing in part the deductions claimed by the Bank, and disallowing some in part. The Bank concedes the correctness of this judgment.

The State…